Sleep Country Canada (ZZZ) Receives C$42.29 Consensus Target Price from Brokerages

Shares of Sleep Country Canada (TSE:ZZZ) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$42.29.

Several analysts have recently issued reports on the stock. Scotiabank boosted their price objective on shares of Sleep Country Canada from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. National Bank Financial boosted their price objective on shares of Sleep Country Canada from C$40.00 to C$43.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. BMO Capital Markets boosted their price objective on shares of Sleep Country Canada from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. TD Securities boosted their price objective on shares of Sleep Country Canada from C$41.00 to C$43.00 and gave the company a “hold” rating in a research note on Monday, March 5th. Finally, Laurentian boosted their price objective on shares of Sleep Country Canada from C$40.00 to C$41.00 and gave the company a “buy” rating in a research note on Monday, March 5th.

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Shares of TSE ZZZ traded up C$0.16 during trading on Friday, hitting C$34.48. 86,511 shares of the company traded hands, compared to its average volume of 120,661. Sleep Country Canada has a 1 year low of C$31.07 and a 1 year high of C$42.36.



Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings data on Thursday, March 1st. The company reported C$0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.33 by C$0.09. Sleep Country Canada had a net margin of 12.88% and a return on equity of 32.40%. The company had revenue of C$153.56 million during the quarter, compared to analysts’ expectations of C$149.80 million.

In related news, insider Dave Howcroft sold 810 shares of Sleep Country Canada stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of C$37.00, for a total transaction of C$29,970.00. Also, Director Stephen Gunn sold 26,500 shares of Sleep Country Canada stock in a transaction on Thursday, March 8th. The shares were sold at an average price of C$37.05, for a total transaction of C$981,825.00. Insiders have sold a total of 267,410 shares of company stock worth $9,657,020 in the last 90 days.

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Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, pillow protectors, and other sleep accessories. The company operates under the Dormez-vous and Sleep Country Canada retail banners.

Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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